The paradox within the insurance industry is starkly highlighted by current investments in fossil fuels and their consequent environmental impact. As insurers face significant financial losses due to climate change-related damages, they continue to invest in industries that exacerbate these risks.
In Florida, a scheme intended to defraud insurance companies has emerged, involving three Cuban citizens who reportedly orchestrated staged car accidents in a sophisticated operation. These fraudulent activities led to insurance companies being duped out of more than $84,000. The individuals at the
Kennedys' legal tech group has unveiled an innovative tool known as Kennedys IQ SmartRisk, designed to revolutionize risk analysis in the insurance sector. The company integrates advanced technological solutions, moving away from traditional, opaque AI models to provide clear and transparent
In the ever-evolving landscape of Canada's financial markets, the Office of the Superintendent of Financial Institutions (OSFI) has updated its Annual Risk Outlook for the current period. This report identifies numerous significant risks that may impact the financial sector and outlines
As the years advance, financial institutions must continually adapt to an evolving landscape characterized by regulatory shifts, technological advancements, economic uncertainty, and geopolitical tensions. This environment presents both significant challenges and opportunities, demanding heightened
The COVID-19 pandemic brought about significant economic instability, leading many individuals to rely on unemployment benefits for survival. Unfortunately, this necessity also opened avenues for fraudulent activities, with some exploiting the system designed to support those in genuine need. One
